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Selling accounts receivable and the underinvestment problem

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  • Sopranzetti, Ben J.

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  • Sopranzetti, Ben J., 1999. "Selling accounts receivable and the underinvestment problem," The Quarterly Review of Economics and Finance, Elsevier, vol. 39(2), pages 291-301.
    • Handle: RePEc:eee:quaeco:v:39:y:1999:i:2:p:291-301
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    1. Lang, Larry & Poulsen, Annette & Stulz, Rene, 1995. "Asset sales, firm performance, and the agency costs of managerial discretion," Journal of Financial Economics, Elsevier, vol. 37(1), pages 3-37, January.
    2. Sopranzetti, Ben J., 1998. "The economics of factoring accounts receivable," Journal of Economics and Business, Elsevier, vol. 50(4), pages 339-359, July.
    3. Shehzad L. Mian & Clifford W. Smith, 1994. "Extending Trade Credit And Financing Receivables," Journal of Applied Corporate Finance, Morgan Stanley, vol. 7(1), pages 75-84, March.
    4. Aivazian, Varouj A. & Callen, Jeffrey L., 1980. "Corporate leverage and growth the game-theoretic issues," Journal of Financial Economics, Elsevier, vol. 8(4), pages 379-399, December.
    5. Mian, Shehzad L & Smith, Clifford W, Jr, 1992. "Accounts Receivable Management Policy: Theory and Evidence," Journal of Finance, American Finance Association, vol. 47(1), pages 169-200, March.
    6. Dimitri B. Papadimitriou & Ronnie J. Phillips & L. Randall Wray, "undated". "An Alternative in Small Business Finance, Community-Based Factoring Companies and Small Business Lending," Economics Public Policy Brief Archive 12, Levy Economics Institute.
    7. John, Kose & Nachman, David C, 1985. "Risky Debt, Investment Incentives, and Reputation in a Sequential Equilibrium," Journal of Finance, American Finance Association, vol. 40(3), pages 863-878, July.
    8. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
    9. Warner, Jerold B., 1977. "Bankruptcy, absolute priority, and the pricing of risky debt claims," Journal of Financial Economics, Elsevier, vol. 4(3), pages 239-276, May.
    10. Brown, David T. & James, Christopher M. & Mooradian, Robert M., 1994. "Asset sales by financially distressed firms," Journal of Corporate Finance, Elsevier, vol. 1(2), pages 233-257, August.
    11. Stulz, ReneM. & Johnson, Herb, 1985. "An analysis of secured debt," Journal of Financial Economics, Elsevier, vol. 14(4), pages 501-521, December.
    12. Smith, Janet Kiholm & Schnucker, Christjahn, 1994. "An empirical examination of organizational structure: The economics of the factoring decision," Journal of Corporate Finance, Elsevier, vol. 1(1), pages 119-138, March.
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    Cited by:

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    2. Auboin, Marc & Smythe, Harry & Teh, Robert, 2016. "Supply chain finance and SMEs: Evidence from international factoring data," WTO Staff Working Papers ERSD-2016-04, World Trade Organization (WTO), Economic Research and Statistics Division.
    3. Vink, Dennis, 2007. "An Empirical Analysis of Asset-Backed Securitization," MPRA Paper 10382, University Library of Munich, Germany, revised 25 Aug 2008.
    4. You Zhu & Chi Xie & Bo Sun & Gang-Jin Wang & Xin-Guo Yan, 2016. "Predicting China’s SME Credit Risk in Supply Chain Financing by Logistic Regression, Artificial Neural Network and Hybrid Models," Sustainability, MDPI, vol. 8(5), pages 1-17, May.
    5. Marc Auboin & Harry Smythe & Robert Teh, 2016. "Supply Chain Finance and SMEs: Evidence from International Factoring Data," CESifo Working Paper Series 6039, CESifo.
    6. Dbouk, Wassim & Moussawi-Haidar, Lama & Jaber, Mohamad Y., 2020. "The effect of economic uncertainty on inventory and working capital for manufacturing firms," International Journal of Production Economics, Elsevier, vol. 230(C).
    7. G. V. Satya Sekhar, 2018. "Measuring Models and Trends in International Factoring: 2009-2018," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 7(4), pages 236-245, November.

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